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Jan 8, 2018
01/18
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emily: that was gopro ceo nick woodman speaking with selina wang.h firms big and small are flocking to las vegas for the consumer electronics show. driverless and electric cars are dominating with uber and volkswagen's showcasing the wonders of ai . all eyes will be on the of layoffs over the last ceo who will give a speech. alistair barr is with us. what are we expecting him to say about this incredibly pervasive chip law? alistair: i don't think he was planning on doing it a couple of weeks ago even though intel have known about this for several months. what i think he has to say is yes to make all his major customers -- microsoft to google -- he will have to make it very clear that when they put these patches in place, the performance of a personal phoneer or server or will not slow down. there has been a lot of debate about whether these fixes will really slow machines down. he comes out and says his support for my argument will not slow everything down will be good. he will may have to be more open about the machines being slower. emily: this a
emily: that was gopro ceo nick woodman speaking with selina wang.h firms big and small are flocking to las vegas for the consumer electronics show. driverless and electric cars are dominating with uber and volkswagen's showcasing the wonders of ai . all eyes will be on the of layoffs over the last ceo who will give a speech. alistair barr is with us. what are we expecting him to say about this incredibly pervasive chip law? alistair: i don't think he was planning on doing it a couple of weeks...
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Jan 9, 2018
01/18
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BLOOMBERG
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coming up, gopro takes a dive.e speak with ceo nick woodman after the company cuts its forecast and slashes jobs. cryptocurrencies opsware rocky start in 2018. bitcoin slumping as much as 27%, helping drag down smaller rivals. tech firms are dissenting on las vegas for the consumer electronics show where driverless and electric cars are dominating the buzz. first, our lead. gopro missed its fourth-quarter sales guide and signaling that revamped cameras and price increases are not sparking revenue growth. shares tumbled more than 12%, its worst performance in a year. gopro ceo nick woodman spoke to selina wang and denied earlier reports that they hired jpmorgan for a potential sale. take a listen. nick: jpmorgan is in fact our banker, but we have not engaged them to help us sell the company. and, with that said, if there were an opportunity for gopro to partner up with a larger organization that can help us scale the company, scale our brand and reach to consumers, that is certainly something we would consider but i
coming up, gopro takes a dive.e speak with ceo nick woodman after the company cuts its forecast and slashes jobs. cryptocurrencies opsware rocky start in 2018. bitcoin slumping as much as 27%, helping drag down smaller rivals. tech firms are dissenting on las vegas for the consumer electronics show where driverless and electric cars are dominating the buzz. first, our lead. gopro missed its fourth-quarter sales guide and signaling that revamped cameras and price increases are not sparking...
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Jan 8, 2018
01/18
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BLOOMBERG
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how should we understand the product roadmap of gopro?t you are seeing is we listening to customers more and more, investing in development of products and solutions our customers want from us. in the past, i am on record as having said one of the things that makes a strong is we are our customer, we develop products we wanted and that seemed to resonate with the market, we realize we are in the business to build products for our customers and we need to identify what they want, and invent for them. that can be difficult. as you are inventing, new solutions, the consumer does not always know what they want. that is their job, it understand trends and builds. our customers love the entertainment gopro enables but they did not need us to be an entertainment business. our customers have told us they really love buying cameras, and while a passionate number wanted to buy drones, the majority want to buy gopro's that connect to a great app experience and that is what we are investing in. >> there was weaker demand for hero five camera. analyst
how should we understand the product roadmap of gopro?t you are seeing is we listening to customers more and more, investing in development of products and solutions our customers want from us. in the past, i am on record as having said one of the things that makes a strong is we are our customer, we develop products we wanted and that seemed to resonate with the market, we realize we are in the business to build products for our customers and we need to identify what they want, and invent for...
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Jan 13, 2018
01/18
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BLOOMBERG
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and gopro's challenges are coming to a head.ompany missed fourth-quarter sales guidance, signaling that revamped cameras and price increases are sparking revenue growth. shares tumbled on the news, leading to its worst performance in a year. at an a is the likely next up for the camera maker, but the ceo spoke to bloomberg's selina wang and tonight reports they have higher jpmorgan for a potential sale. take a listen. >> jpmorgan is, in fact, our banker, but we have not engaged them to help us sell the company. said, if there were an opportunity for gopro to partner up with a larger organization that could help us scale, the company's scale or brand reach, that is something we would consider, but it is not something we are actively engaged in at the moment. >> do you think you will want to actively engage in this? is there some catalyst you see coming? have any potential suitors reached out? >> well, i will answer the question -- what we engage in something like this? this is something we explore from time to time, as it is our
and gopro's challenges are coming to a head.ompany missed fourth-quarter sales guidance, signaling that revamped cameras and price increases are sparking revenue growth. shares tumbled on the news, leading to its worst performance in a year. at an a is the likely next up for the camera maker, but the ceo spoke to bloomberg's selina wang and tonight reports they have higher jpmorgan for a potential sale. take a listen. >> jpmorgan is, in fact, our banker, but we have not engaged them to...
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Jan 13, 2018
01/18
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BLOOMBERG
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and gopro takes a dive.e speak with ceo nick woodman after the company cuts its forecast and slashes jobs. first, to the lead. the continued fallout over the microchip security flaw all work nearly devices. this week, microsoft said fixes for the vulnerabilities may significantly slow down servers and personal computers. in a blog post on the company tuesday, suggested they could be more substantial than intel previously indicated. microsoft is also temporarily suspending some updates to windows operating systems that use chips that are freezing or not putting up. monday night at ces, the intel ceo tried to reassure people that there do data would be safe. -- that their data would be safe. >> the security is job number one for intel and the industry. so the primary focus of our decisions and discussions have been to keep our customers' data safe. as of now, we have not received any information that these exploits have been used to obtain customer data. emily: we broke it down with ian king, who covers the ch
and gopro takes a dive.e speak with ceo nick woodman after the company cuts its forecast and slashes jobs. first, to the lead. the continued fallout over the microchip security flaw all work nearly devices. this week, microsoft said fixes for the vulnerabilities may significantly slow down servers and personal computers. in a blog post on the company tuesday, suggested they could be more substantial than intel previously indicated. microsoft is also temporarily suspending some updates to...
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Jan 8, 2018
01/18
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CNBC
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gopro has changed. recognized that there's more opportunity for us to focus on our cameras, our app, and our subscription business that's where gopro's core business is, that's where our growth is, and that's where we're investing. >> as you move forward now, i have been covering the company since 2014 to me, it does feel like the story kind of shifts when i first started covering you guys it's we have a camera, and we can't be disrupted by smartphones. you used to hold up a smartphone and say you can't attach this to a surfboard. now, the narrative is, do pro has a camera, and you want to integrate with smartphones, rely on smartphones why should investors believe that's the right narrative, that's the storyline that's going to work for gopro? >> well, when gopro first became successful, people were buying a gopro and tethering it to their computer to offload their footage and share it to facebook and youtube. now the phone is a computer in your pocket. now people use a gopro to capture and share their
gopro has changed. recognized that there's more opportunity for us to focus on our cameras, our app, and our subscription business that's where gopro's core business is, that's where our growth is, and that's where we're investing. >> as you move forward now, i have been covering the company since 2014 to me, it does feel like the story kind of shifts when i first started covering you guys it's we have a camera, and we can't be disrupted by smartphones. you used to hold up a smartphone...
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Jan 8, 2018
01/18
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CNBC
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gopro declining comment.ceo nick woodman on cnbc this morning stating that his company would consider a partnership with another company, though it plans to remain indenpendent, h said. >> if there's opportunities for us to unite with a bigger parent company to scale gopro bigger, that's something we would look at. >> gopro suffering a whipsaw session but worth noting that jp morgan helped underwrite gopro's ipo back in 2014 woodman making the case on cnbc there is demand for his products if priced correctly which is why he cut the prices of his devices. investors, though, clearly still skeptical, that stock down more than 90% from its intraday high of 98 bucks back in the fall of 2014 guys, back to ou >> and let that be a cautionary tale -- i don't care whether it's a marijuana stock right now, a bitcoin, whatever the case may be, look, even gopro, itself, would probably admit to you it would be far better if they never got swept up and an incredible stock price appreciation they experienced it and look how
gopro declining comment.ceo nick woodman on cnbc this morning stating that his company would consider a partnership with another company, though it plans to remain indenpendent, h said. >> if there's opportunities for us to unite with a bigger parent company to scale gopro bigger, that's something we would look at. >> gopro suffering a whipsaw session but worth noting that jp morgan helped underwrite gopro's ipo back in 2014 woodman making the case on cnbc there is demand for his...
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gopro was once one of those darlings at ces.hey're still here, but no longer the hottest name in camera technology. charlie gasparino is coming up next to talk about inside details he just found out in a big step to make sure that the camera maker doesn't endure a total wipeout. >>> and let me show you this, look at this little car, the electro mechanica solo. this is a one person electric car, check this out. it's only 15 grand. tesla watch out. it is 100 miles per charge. 2018, fourth quarter is the time for delivery. stay tuned for that. top speed, 137 miles, 0 to 60 in eight seconds! when we come back, much more from ces 2018. this is fox business, the leader in business, and especially tech business. takingk at your overall financial strategy. you still thinking about opening your own shop? every day. i think there are some ways to help keep you on track. and closer to home. i'm all ears. how did edward jones grow to a trillion dollars in assets under care? thanks. by thinking about your goals as much as you do. moderate to
gopro was once one of those darlings at ces.hey're still here, but no longer the hottest name in camera technology. charlie gasparino is coming up next to talk about inside details he just found out in a big step to make sure that the camera maker doesn't endure a total wipeout. >>> and let me show you this, look at this little car, the electro mechanica solo. this is a one person electric car, check this out. it's only 15 grand. tesla watch out. it is 100 miles per charge. 2018,...
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Jan 30, 2018
01/18
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BBCNEWS
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is "gopro, stop recording. conurbations. come to see. i'm quite out of breath.ove sea level. to see monarch butterflies. forest here in mexico. is slightly east of there, in mexico state. alone with these creatures. wow! clustered in black clumps on these fir trees. to this particular forest. it's the longest migration undertaken by any insect. and then find a mate. and deforestation here in mexico. one study says the numbers have gone down by 84% in the last 20 years. and the entire colony could be gone. it's been really bad, you know? of butterflies, you know? these clusters — the way we saw they are... mm—hmm. but those butterflies were like, dead. hibernating, but they were not hibernating anymore. they werejust dead. they were frozen? yeah, frozen, ‘cause of the weather. and what happens if there's another terrible winter like that? well, i hope they will not be there, the butterflies. the population went down a lot. for its existence. it's tiny, though the people are instantly welcoming. stay here for a little bit longer. byjoel‘s mum, rosea. and why do yo
is "gopro, stop recording. conurbations. come to see. i'm quite out of breath.ove sea level. to see monarch butterflies. forest here in mexico. is slightly east of there, in mexico state. alone with these creatures. wow! clustered in black clumps on these fir trees. to this particular forest. it's the longest migration undertaken by any insect. and then find a mate. and deforestation here in mexico. one study says the numbers have gone down by 84% in the last 20 years. and the entire...
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Jan 14, 2018
01/18
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BLOOMBERG
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level for gopro.om the device to your phone, and then you can post it right from there to social media. it is a must-have for adventure sports fans. this is one of the gifts i have been most excited about since it hit the market over the summer. this is the louis vuitton tambour horizon smart watch. it is the first and only really great smart watch from a fashion brand. most importantly for a fashionable smart watch, it looks great. it has everything you need in a smart watch -- fitness tracking, text messages, and email alerts, basically all the stuff you want. plus, it has beautiful watch faces which are customizable and changeable. if you want to get away from the apple watch look, this is a device that looks and feels like a regular watch. ok, now for the piece de resistance. the octopod desk clock, made by these swiss watchmakers that make totally crazy contraptions. they collaborated to make this device that is inspired by an octopus, but also one of the submarines from the james cameron film "a
level for gopro.om the device to your phone, and then you can post it right from there to social media. it is a must-have for adventure sports fans. this is one of the gifts i have been most excited about since it hit the market over the summer. this is the louis vuitton tambour horizon smart watch. it is the first and only really great smart watch from a fashion brand. most importantly for a fashionable smart watch, it looks great. it has everything you need in a smart watch -- fitness...
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Jan 9, 2018
01/18
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KTVU
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gopro's stock plummeted 30% on the news. yesterday the company said it's shutting down its drone division. >>> restaurant chain, red robin, says it's firing busboys in response to minimum wage increases. the company says it's eliminating the position at all of its restaurants because of increased labor costs. the cost -- the company estimates it will save $8 million. >>> apple issued a software update to fix a security problem aiming at protecting users from a microchip vulnerability known as spector. the latest update includes security improvements to apple's safari browser. apple is urging iphone and ipad users to update your software immediately. the experts say right now there is no evidence suggesting the security flaw has been exploited. >>> facebook is stopping its personal assistance service. the company says it's not working as well as they expected. it would swap out words for emojis among other features. many users said it would guess the emoji wrong. the program will stop later this month. >>> this morning real e
gopro's stock plummeted 30% on the news. yesterday the company said it's shutting down its drone division. >>> restaurant chain, red robin, says it's firing busboys in response to minimum wage increases. the company says it's eliminating the position at all of its restaurants because of increased labor costs. the cost -- the company estimates it will save $8 million. >>> apple issued a software update to fix a security problem aiming at protecting users from a microchip...
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Jan 28, 2018
01/18
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BBCNEWS
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all i have to say is "gopro, start recording."you can get it to take photos, you can set it to shoot in burst mode, and you can even record a time—lapse. if you think you've filmed something that's particularly standout, you can get it to mark the clip at that exact moment by saying "gopro highlight" or, if you're a bit down with the kids, "that was sick!" when you want to stop filming, all you have to say is "gopro, stop recording." you wouldn't know it to look at, but these hills are just a couple of hours‘ drives from mexico city, one of the world's biggest urban conurbations. this is the transatlantic volcanic belt, but it's not volcanoes we've come to see. i'm almost at summit of bald peak, and you can tell — i'm quite out of breath. we are about 3,000m above sea level. the air‘s thin, it's quite cold, but we are beginning to see monarch butterflies. every winter, millions of butterflies fly for around two months from canada and the us to a few patches of high—altitude forest here in mexico. most are located in the state of m
all i have to say is "gopro, start recording."you can get it to take photos, you can set it to shoot in burst mode, and you can even record a time—lapse. if you think you've filmed something that's particularly standout, you can get it to mark the clip at that exact moment by saying "gopro highlight" or, if you're a bit down with the kids, "that was sick!" when you want to stop filming, all you have to say is "gopro, stop recording." you wouldn't know...
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Jan 27, 2018
01/18
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BBCNEWS
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when you want to stop filming, all you have to say is: "gopro, stop recording."just a couple of hours' drives from mexico city. this is the transatlantic volcanic belt, but it's not the volcanoes we've come to see... i'm almost at a peak, and you can tell — i'm quite out of breath. we are about 3,000m above sea level. the air‘s thin, it's quite cold, but we are beginning to see monarch butterflies. every winter, millions of butterflies fly for around two months from canada and the us to a few patches of high—altitude forest here in mexico. most are located in the state of michwaqan, but this is the state of michwaqan, but this is the least touristy site, and somewhere you the least touristy site, and somewhere you can the least touristy site, and somewhere you can truly be alone with these creatures. wow...! normally wow. . .! normally we're wow...! normally we're not allowed to get this close but, from this distance, i hope you can see there are millions of monarchs clustered in black clumps on these fur trees. what i find absolutely amazing about this insect is
when you want to stop filming, all you have to say is: "gopro, stop recording."just a couple of hours' drives from mexico city. this is the transatlantic volcanic belt, but it's not the volcanoes we've come to see... i'm almost at a peak, and you can tell — i'm quite out of breath. we are about 3,000m above sea level. the air‘s thin, it's quite cold, but we are beginning to see monarch butterflies. every winter, millions of butterflies fly for around two months from canada and the...
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Jan 8, 2018
01/18
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BLOOMBERG
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shares of gopro are bouncing back.er a report by cnbc that jpmorgan is helping gopro achieve a sale. earlier today, gopro announced it would cut 20% of its work force and put an end to its drone business after a disappointing fourth quarter. afternoon,e nick woodman, the ceo of gopro, will be interviewed. david: north korean officials are set for the first high-level meeting in more than two years. what to expect. that is next, and this is bloomberg. ♪ bloomberg. ♪ shery: this is "bloomberg markets: balance of power, i am shery ahn. "david: i am david westin. caterpillar shares are rising upgradeder jpmorgan the stock. they say the tax reform will help with shares. joining us is taylor riggs. taylor: another thing analysts were shareholders are thinking. when we think about caterpillar, one of the reasons jpmorgan itraded the stock was how can extend the business cycle and extend the free cash flow. beencash flows have not doing well recently, but this year, amid the forecast for 2018, it will really boost that. you ca
shares of gopro are bouncing back.er a report by cnbc that jpmorgan is helping gopro achieve a sale. earlier today, gopro announced it would cut 20% of its work force and put an end to its drone business after a disappointing fourth quarter. afternoon,e nick woodman, the ceo of gopro, will be interviewed. david: north korean officials are set for the first high-level meeting in more than two years. what to expect. that is next, and this is bloomberg. ♪ bloomberg. ♪ shery: this is...
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Jan 9, 2018
01/18
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BLOOMBERG
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relevance of gopro. with and a partner -- with a partner or acquiring company. we have to continue to build a strong business. yousef: the impact of the recent exposed security flaw will very according to the workload of systems according to intel. the ceo said the company has had no reports of customer data being accessed. oneecurity is job number in planner industrytel -- for intel and our industry. received, we have not any information that these exports have been used to obtain customer data. yousef: that is your bloomberg business flash. globaltay with the themes dominating market sentiment theresa may's attempt to give her government a reboot has suffered a setback after a senior minister -- senior ministers refuse to follow her orders during a chaotic cabinet reshuffle. the situation does not bode well for the prime minister as she begins to navigate the next stage of brexit talks. the economic development u.k. should be granted to trade deal that david davis called for. deal that david davis call
relevance of gopro. with and a partner -- with a partner or acquiring company. we have to continue to build a strong business. yousef: the impact of the recent exposed security flaw will very according to the workload of systems according to intel. the ceo said the company has had no reports of customer data being accessed. oneecurity is job number in planner industrytel -- for intel and our industry. received, we have not any information that these exports have been used to obtain customer...
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Jan 8, 2018
01/18
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CNBC
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our road map begins with shares of gopro slammed after issuing weak guidance. we're going to talk exclusively with the company's ceo >> and addicted to apple two major investors urging the tech giant to take action against iphone addiction amongst kids we'll tell you why >> nvidia making a big bet on driverless cars. teaming up with uber and vw. we have the details. >> markets mixed after hitting record highs in the first week of the year. will 2018 continue the record run we saw in '17. brian jacobson is wells fargo multiasset strategist. peter is a chief strategist. good to see you both it sounds like you have been paying attention to some of these names trading well above their 200-day trading averages
our road map begins with shares of gopro slammed after issuing weak guidance. we're going to talk exclusively with the company's ceo >> and addicted to apple two major investors urging the tech giant to take action against iphone addiction amongst kids we'll tell you why >> nvidia making a big bet on driverless cars. teaming up with uber and vw. we have the details. >> markets mixed after hitting record highs in the first week of the year. will 2018 continue the record run we...
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Jan 8, 2018
01/18
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BLOOMBERG
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we want to turn out to gopro. the camera maker is rebuffing the ports.ale came after the company announced it would cut more than 20% of its workforce and exit the drone business. oflier, we had selena wong bloomberg technology catching up with ceo nick woodman. innick: i can confirm jpmorgan --nick: i can confirm jpmorgan is our banker but we have not engaged them to help us sell the company. there were an, if opportunity for gopro to partner up with a larger organization that can help us scale our company, brand, and reached a consumers, that is something we would consider. it is not of the we are actively engaged in at the moment. do you think you will want to actively engage in this? other catalysts -- are there catalysts you see coming? have people reached out? nick: would we engage in something like this?this is something we explore from time to time , as it is our job to grow the business and the most strategic way possible, and that definitely is one way to do it. ,t is not a new topic echo pro but i cannot share any more information than that. s
we want to turn out to gopro. the camera maker is rebuffing the ports.ale came after the company announced it would cut more than 20% of its workforce and exit the drone business. oflier, we had selena wong bloomberg technology catching up with ceo nick woodman. innick: i can confirm jpmorgan --nick: i can confirm jpmorgan is our banker but we have not engaged them to help us sell the company. there were an, if opportunity for gopro to partner up with a larger organization that can help us...
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Jan 28, 2018
01/18
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BLOOMBERG
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a gopro is on every gift guide and that is because it is a great present.d for people who like to make videos of family trips and kids who like to make films with their friends and for people who like outdoor sports like skiing. this is the first gopro where you can shoot in four k and 60 frames per it also shoots video second. wirelessly from the device into your phone and then posts it to social media. a must-have for adventure sports fans. this is one of the gifts i've been most excited about every since it hit the market over the summer. this is the louis vuitton horizon smart watch. it is the first and only really great smart watch from a fashion brand. most importantly for a fashionable smart watch, it looks great. it has everything you need in a smart watch, fitness tracking, text message and email alerts, all the stuff you want. it has beautiful watch faces which are customizable and changeable. if you want to get away from the apple watch look, this is a device that looks and feels like a regular watch. ok, now for the piece de resistance this desk
a gopro is on every gift guide and that is because it is a great present.d for people who like to make videos of family trips and kids who like to make films with their friends and for people who like outdoor sports like skiing. this is the first gopro where you can shoot in four k and 60 frames per it also shoots video second. wirelessly from the device into your phone and then posts it to social media. a must-have for adventure sports fans. this is one of the gifts i've been most excited...
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Jan 9, 2018
01/18
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KQED
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. >> if there are opportunities for us to scale awareness of gopro globally by being part of a biggerompany that's something we would entertain. we need to run the business as though we are going to be independent. we are planning accordingly and looking forward to benefitting from the improved sell-through we are seeing on the products at new pricing. we are looking forward to profitabilit in the second half of 2018. >> gopro shares plunged nearly 13% to $6.56. >>> the restaurant and gaming change dave & buster's slashed the full year profit and sales outlook after reporting a drop in same store receipts during the holiday period saying weak foot traffic at the beginning of the quarter never picked up steam. despite the disappointing guidance they said the new stores are performing well. sales cratered 22%. they finished at 43.79. same store sales at kohl's rose visited. as more they expect their offerings to continue to attract shoppers. it is hiking their profit outlook for the year. sales rose to $56.90. >> tenet health care said it will cut more jobs than planned as the hospital
. >> if there are opportunities for us to scale awareness of gopro globally by being part of a biggerompany that's something we would entertain. we need to run the business as though we are going to be independent. we are planning accordingly and looking forward to benefitting from the improved sell-through we are seeing on the products at new pricing. we are looking forward to profitabilit in the second half of 2018. >> gopro shares plunged nearly 13% to $6.56. >>> the...
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Jan 8, 2018
01/18
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BLOOMBERG
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higher for the dollar and that su: gopro, huge example.his is the maker of the camera that has been favored by sports enthusiasts. the stock was down more than 30% early in the session as the company came out and said their holiday sales were especially week. competition is a big factor. the losses reduced by the close. , you go into bloomberg will see that the stock is down from 75% since its ipo. you go back a couple of years and this was a rockstar stock. it was not only looked at as a camera company but a whole media company because people would post the videos online. nick woodman, one of the highest-paid ceos has now announced he will only take one dollar in compensation as a result of these current issues they are facing. let's take a look at dave and busters which is a retail and restaurant chain. taking another big hit on the day as they guide lower for profit and that it has to do with the change in restaurant chains. this is a big chain that appeals to family and younger people. video games are part of the repertoire but it has
higher for the dollar and that su: gopro, huge example.his is the maker of the camera that has been favored by sports enthusiasts. the stock was down more than 30% early in the session as the company came out and said their holiday sales were especially week. competition is a big factor. the losses reduced by the close. , you go into bloomberg will see that the stock is down from 75% since its ipo. you go back a couple of years and this was a rockstar stock. it was not only looked at as a...
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141
Jan 8, 2018
01/18
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KTVU
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eye 141
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checking in on the opening bell, gopro is headed lower, now they are down 21%.share. down to less than six dollars per share. snap, the parent company of snapchat and pandora taking a hit after some downgrades. this is a live look at the numbers with the dow jones coming back from earlier lows. it is now down just 15. the nasdaq and the s&p 500 are now posting some gains. more takata airbags are being recalled. the japanese auto parts company is recalling 3 million more of the airbags. takata says at least 15 automakers bought the defective airbags including toyota, honda, tesla and bmw. the airbags can explode with too much force and shoot metal shards at passengers and drivers. takata will be working with companies to help drivers replace their airbags. since 2001 takata has recalled more than 43 million airbags. the defect has been linked to 13 deaths and hundreds of injuries. it is already the most popular truck in the us now ford is offering something new for the f1 50. it is going to start making some with diesel engines. the truck will get an average of 3
checking in on the opening bell, gopro is headed lower, now they are down 21%.share. down to less than six dollars per share. snap, the parent company of snapchat and pandora taking a hit after some downgrades. this is a live look at the numbers with the dow jones coming back from earlier lows. it is now down just 15. the nasdaq and the s&p 500 are now posting some gains. more takata airbags are being recalled. the japanese auto parts company is recalling 3 million more of the airbags....
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Jan 8, 2018
01/18
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KNTV
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the other story we're watching this morning is gopro, trading at gopro shares will halted self times to as that stock plunged today. the company said it's getting out of the drone business and will lay off hundreds of workers. shares in gopro were down by 20% midmorning. the ceo says he will cut his salary to a dollar. week talked in the past about how difficult it is to be a company that makes hardware, in this case a camera for the active lifestyle. it's not hard for a competitor to create something similar and sell it for less. back to you. >> all right, thanks, scott. >>> the weather. >> here we go. the rain that we've been waiting for. that's right. welcome back here for the entire bay area and for some time. >> yes. it's going to last awhile. it's really good to see a good soaking rolling into the bay area, but what we don't need are those high winds or the potential of some flooding. we are going to see some heavy bouts of rain rolling through. we are not the only ones getting in on the rain. check out all the green covering the state right now. this system is bringing in some
the other story we're watching this morning is gopro, trading at gopro shares will halted self times to as that stock plunged today. the company said it's getting out of the drone business and will lay off hundreds of workers. shares in gopro were down by 20% midmorning. the ceo says he will cut his salary to a dollar. week talked in the past about how difficult it is to be a company that makes hardware, in this case a camera for the active lifestyle. it's not hard for a competitor to create...
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Jan 8, 2018
01/18
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shares of gopro, take a look at this, down 29%. they put up announcement, they are slashing revenues for the fourth quarter. they will be 20% below what is expected. $340expect revenues to be million. they are reducing the global workforce to 1000 people. has been under pressure for a couple of years. it was more than a $90 staff. now it's a five dollars stock. it's something everybody is looking for. let's look at some of the other movers. these are in the green. positiveny put up a announcement. they say the full-year forecast for profits is going to be better than expected by 7%. this after a very strong holiday season. online sales were strong. people are talking about the idea that this holiday season was the best in a decade. the results would seem to back it up. boost,is getting a macy's not so much. we have the shares of seagate up. than 4%any may own more of ripple. .hat is on the cryptocurrencies western you and -- union is up four points. interestingly enough, take a look at the coin, down 15%. even though we have going
shares of gopro, take a look at this, down 29%. they put up announcement, they are slashing revenues for the fourth quarter. they will be 20% below what is expected. $340expect revenues to be million. they are reducing the global workforce to 1000 people. has been under pressure for a couple of years. it was more than a $90 staff. now it's a five dollars stock. it's something everybody is looking for. let's look at some of the other movers. these are in the green. positiveny put up a...
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Jan 9, 2018
01/18
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been toldomberg has that gopro has hired jpmorgan to potential sale.plans to cut more than 20% of its global workforce and exit the drone business after a disappointing fourth quarter. than 33%clined more and the ceo said that gopro would consider partnering with a larger organization to help it scale up. >> the world is always changing and our job is to align gopro with consumer behavior and look for opportunities to scale both the appeal and the reach and relevance of gopro, and sometimes that is easier if done partner or acquiring company. at the same time, we have to build gopro as though we intended to run independently forever because that's how you build a strong business. recently sent --china said it's 10% rebate for energy-saving vehicles. ofhinese electric car start recently raise more than $1 billion from investors, led by tencent. they started vehicle sales just three years after the company was founded and after the arrival of a rival model from tesla. the company's chief finance officer. we are joined by the cfo of the electric vehicle s
been toldomberg has that gopro has hired jpmorgan to potential sale.plans to cut more than 20% of its global workforce and exit the drone business after a disappointing fourth quarter. than 33%clined more and the ceo said that gopro would consider partnering with a larger organization to help it scale up. >> the world is always changing and our job is to align gopro with consumer behavior and look for opportunities to scale both the appeal and the reach and relevance of gopro, and...
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. >> fitbit, gopro, look at all those companies.fitbit is not going there as they have in past-year-olds. >> they can't spend the money they have to address how they compete against bill stalwarts. liz: gopro is tanking, it was an $11 stock at the high of past 52 weeks. it is five bucks and change. >> one of the reasons. they're cutting out the trone mark -- drone market. they are actually laying off everybody in in in that division. they are doing mea culpa and looking to sell themselves. liz: kevin kelly, great to see you. [closing bell rings] liz: a record close for four other major indexes. you see the records certainly again today. live from las vegas. i will see you in las vegas tomorrow at ces. be there. david: the dow is trying but looks like it won't make it today. it is in the red. as you can see we have record highs on the s&p and the nasdaq once again, making their own records five days in a row now. happy to see you everybody. i'm david asman. melissa: i'm melissa francis. this is "after the bell." we have got a very bu
. >> fitbit, gopro, look at all those companies.fitbit is not going there as they have in past-year-olds. >> they can't spend the money they have to address how they compete against bill stalwarts. liz: gopro is tanking, it was an $11 stock at the high of past 52 weeks. it is five bucks and change. >> one of the reasons. they're cutting out the trone mark -- drone market. they are actually laying off everybody in in in that division. they are doing mea culpa and looking to...
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Jan 8, 2018
01/18
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vonnie quinn jerry shares of gopro are sliding after the company said it was cutting its ending mr.ynd trump business. joining us with more is taylor riggs. just let the videos you see on the go play website. now fewerey have than 1000 employees. it is a disappointing quarter. let's take a look at revenue. quarterions for the have been $472 million. we dropped that down to about $340 million. it will now be the lowest since the fourth quarter of 2012. you have a lot of campus -- competition. samsung, alphabet, google coming products.imilar this led to price cuts and there was an $80 million drop in revenue due to a discount on their karma drones. that is leading them to cut out the jeroen. that was supposed to help them turn around the business when it was launched, but that drone program has had a lot of problems. they have been production delays. there is competition from a ,hart -- a chinese company which is the largest maker of drones. a lot of been possibility in the regulatory environment, and the u.s. government has made the drone therment here untenable -- drone environment h
vonnie quinn jerry shares of gopro are sliding after the company said it was cutting its ending mr.ynd trump business. joining us with more is taylor riggs. just let the videos you see on the go play website. now fewerey have than 1000 employees. it is a disappointing quarter. let's take a look at revenue. quarterions for the have been $472 million. we dropped that down to about $340 million. it will now be the lowest since the fourth quarter of 2012. you have a lot of campus -- competition....
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Jan 20, 2018
01/18
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this is 60 frames per second which is a total next level for gopro.also shoots video wirelessly from your device into your phone and posted to social media, a must-have for it -- adventure sports fans. this is one of the gifts i've been most excited about every since it hit the market over the summer. this is the louis vuitton horizon smart watch, it is the first and only really great smart watch from a fashion brand, most importantly for a fashionable smart watch, it looks great. it has everything you need in a smart watch, business tracking, text message and email alerts, everything you want, it has beautiful watch faces which are customizable and changeable, if you want to get away from the apple watch look, this is a device that looks and feels like a regular watch. ok, now for the best, this desktop -- desk clock. these guys are clock makers in switzerland. they made this device which is inspired by an octopus but also by one of the submarines from the james cameron film -- of this -- abyss. there are only 150 that will ever be made. this comes i
this is 60 frames per second which is a total next level for gopro.also shoots video wirelessly from your device into your phone and posted to social media, a must-have for it -- adventure sports fans. this is one of the gifts i've been most excited about every since it hit the market over the summer. this is the louis vuitton horizon smart watch, it is the first and only really great smart watch from a fashion brand, most importantly for a fashionable smart watch, it looks great. it has...
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Jan 9, 2018
01/18
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. >>> shares of gopro down again today. the stock fell as much as 33% yesterday after the company cut its fourth quarter outlook and announced layoffs. it paired those losses after cnbc first reported it had hired jpmorgan to explore a possible sale gopro says it is not actively engaged in talks. >>> merck's ceo ken frazier speaking out on everything from drug pricing to tax reform to his public fallout with trump. kate rogers has more >>> let's start with his comments on drug pricing speaking at the jpmorgan morgan health conference, ken frazier telling cnbc the current rebate system for drugs is in serious need of an overhaul. >> i think that's really broken, if you want to call it that, those rebates are not passed on to consumers, as is the case with hospitalizations and with physicians visits. so we think what we have to do is get some of those rebates which are the product of intense negotiations with the supply chain on to the people who need it at the pharmacy counter >> frazier also talked about the impact of tax r
. >>> shares of gopro down again today. the stock fell as much as 33% yesterday after the company cut its fourth quarter outlook and announced layoffs. it paired those losses after cnbc first reported it had hired jpmorgan to explore a possible sale gopro says it is not actively engaged in talks. >>> merck's ceo ken frazier speaking out on everything from drug pricing to tax reform to his public fallout with trump. kate rogers has more >>> let's start with his...
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Jan 13, 2018
01/18
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. >> gopro could put itself up for sale. the camera maker is set to have hired j.p. morgan chase.nced it would cut more than 20% of its workforce and exit the drone business. bloomberg has just reported that j.p. morgan has been advised of a potential sale. can you confirm this? if so, how far along in the process are you? >> i can confirm that j.p. morgan is our banker, but we have not engaged them to help us sell the company. if there were an opportunity for gopro to partner up with a larger organization that could help us scale, scale our brand, that would be something we would consider but it is not something we are actively engaged in at the moment. >> fourth-quarter profit. it missed the estimates by $1ost one billion -- billion. the word chip prices. a stronger yuan. it eroded the value. what is the biggest challenge here for this business? >> the fact that there is a big gap between the estimate and the actual earnings just announced . it means a lot for the company. actually, you would want to blame the memory chip prices. what i see is the fact that south korea's currenc
. >> gopro could put itself up for sale. the camera maker is set to have hired j.p. morgan chase.nced it would cut more than 20% of its workforce and exit the drone business. bloomberg has just reported that j.p. morgan has been advised of a potential sale. can you confirm this? if so, how far along in the process are you? >> i can confirm that j.p. morgan is our banker, but we have not engaged them to help us sell the company. if there were an opportunity for gopro to partner up...
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Jan 9, 2018
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cnbc reports that gopro hired jp morgan chase to help it find a potential buyer. the stock fell more than 30% on the news. yesterday the company said it's closing down its drone division. >>> apple issued a software update to fix a security problem. it aimed at protecting users from a microchip vulnerability known as, spector, the latest update includes security improvement to the safari browser. apple said iphone, ipad and mac users should update the software immediately. that problem affected chips and billions of devices around the world. tech companies like google and microsoft, in addition to apple, have been scrambling to issue a fix. scrap >>> facebook is shutting down its personal assistant service called m. the company said it's not working as well as it expected. it would swap out words for emojis among other features but many users said it would guess the emoji incorrectly. the program. later this month. >>> real estate website, zillow, announced its predictions for the hottest housing markets in america. san jose tops the list where home values are exp
cnbc reports that gopro hired jp morgan chase to help it find a potential buyer. the stock fell more than 30% on the news. yesterday the company said it's closing down its drone division. >>> apple issued a software update to fix a security problem. it aimed at protecting users from a microchip vulnerability known as, spector, the latest update includes security improvement to the safari browser. apple said iphone, ipad and mac users should update the software immediately. that problem...
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Jan 11, 2018
01/18
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it even interrupted the interview with the ceo of gopro. it took two hours to get the lights back on. officials blame moisture from rare heavy rainfall in vegas for knocking out a transformer. >> today the american kettle club added two new breeds. they can't compete until next year giving us time to practice pronouncing their names. are you ready?names the names ] >> the other a french dog bred to hunt rabbits. i knew that one from eighth grade french. >> what was the first one again? >>[namesnames in french ] >> say that ten times >> okay. >> let's go live on sky 6 taking a look at the center city skyline a view from the temple university camera. we have clouds upstairs. the clouds are trapping in the heat of the earth so temperatures are not that cold for january standards and not cold for the weekend never climbing out of the teens. 40 in philadelphia. that's the normal high for that time of year. trenton 39. cape may, 45 and reading 35. satellite and radar showing we have a veil of high thin thicker clouds out over the ohio valley. the
it even interrupted the interview with the ceo of gopro. it took two hours to get the lights back on. officials blame moisture from rare heavy rainfall in vegas for knocking out a transformer. >> today the american kettle club added two new breeds. they can't compete until next year giving us time to practice pronouncing their names. are you ready?names the names ] >> the other a french dog bred to hunt rabbits. i knew that one from eighth grade french. >> what was the first...
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Jan 8, 2018
01/18
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. >>> shares of gopro sliding on shares of job cuts josh lipton brought us an exclusive with nick woodmanoments ago and joins us now with more. hi again, josh >> carl, from $98 to a $6 stock. a more than 90% swoon from an all-time intraday high of $98 back in october of 2014 to now just $6 this morning falling below a billion dollars in market cap. that's after a very disappointing report from the camera maker this morning, saying it's expecting revenue for the all-important holiday quarter of only about $340 million. the company, remember, previously guided to about $470 million. it's also going to kill off its drone business and laying off a lot of employees here. going from more than 1,250 to fewer than 1,000 we did speak exclusively with ceo nick woodman this morning. he said despite all the punishment this company has taken, not just today, but over the last few years, he does not regret going public. >> as a consumer product company, we're doing extremely well, as i mentioned, with the strength of our brand and strength of our products as a public company it's our job to translate t
. >>> shares of gopro sliding on shares of job cuts josh lipton brought us an exclusive with nick woodmanoments ago and joins us now with more. hi again, josh >> carl, from $98 to a $6 stock. a more than 90% swoon from an all-time intraday high of $98 back in october of 2014 to now just $6 this morning falling below a billion dollars in market cap. that's after a very disappointing report from the camera maker this morning, saying it's expecting revenue for the all-important...